Joe Ogonda

Status: Ended with Loss - Defaulted

$200.00		Loan Request
$150.00		Paid Back

About the Entrepreneur

Name:	Joe Ogonda
Location:	Kisumu, Kenya
Activity:	Tailoring

About the Loan

Loan Amount:	$200.00
Loan Use:	Expand tailoring business
Repayment Term:	11 months - View details below
Lenders Repaid:	Monthly
Currency Exchange Loss:	N/A
Date Listed:	Feb 22, 2007
Date Disbursed:	Mar 9, 2007
Date Funded:	Feb 23, 2007
Loan Ended:	Apr 23, 2008

About the Field Partner

Field Partner:

Supporting Enterprises for Economic Development (SEED Development Group)

Field Partner Risk Rating:

(Learn more)

Closed

33 months

262

$74,550

N/A - No Paying Back Loans

Default Rate:

18.73%

Currency Exchange Loss Rate:

0.00%

About the Country

Country:	Kenya
Avg Annual Income:	$1,445.00
Currency:	United States Dollars (USD)

Joe is a married father of 4. He has struggled to keep up with an employment job but living in the urban area it is costly for him to maintain his family. He hopes that this loan will help him to apply his training in tailoring thus earning more income.

Lenders to this entrepreneur

Pamoja.org
Vancouver, BC
Canada

Miroslaw
Mount Prospect, IL
United States

Dave
London, London
United Kingdom

LingD
Xiamen, Fujian
China

Kelly
Santa Monica, CA
United States

Alasdair
Putney, London
United Kingdom

Christian
Hamburg, Hamburg

Journal entries for Joe Ogonda

Loan has been disbursed Entrepreneur: Joe Ogonda Location: Kisumu, Kenya Thank you for your loan. It has been disbursed to Joe Ogonda by SEED Development Group in Kenya. We are excited to watch this business grow. Over the next 8 - 10 months, SEED Development Group will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.
Posted by Francis Oketch from Kisumu, Kenya Mar 17, 2007
Comment on this entry

Thank you Entrepreneur: Joe Ogonda Location: Kisumu, Kenya Through this loan I have been able to obtain sufficient training in tailoring and now I am able to venture into my own business. Thank you for giving me this head start.
Posted by Catherine Onyango from Kisumu, Kenya May 29, 2007
Comment on this entry

Thank you for this loan. Entrepreneur: Joe Ogonda Location: Kisumu, Kenya I am glad that this loan has helped me to set up a proper business location. It is only right to say that business will improve and therefore life too. I am grateful.
Posted by Catherine Onyango from Kisumu, Kenya Jul 16, 2007
Comment on this entry

Special Notice on SEED Development Group from Kiva Staff -- April 23, 2008 Entrepreneur: Joe Ogonda Location: Kisumu, Kenya The business(es) listed above was posted on Kiva's website by our Kenyan Field Partner, SEED Development Group. Our Field Partners are independent microfinance institutions that lend to the poor for poverty alleviation. The role of a Field Partner is to screen each entrepreneur, post his/her profile on the Kiva website, disburse the loan, and collect loan repayments. During an audit of SEED, Kiva discovered that SEED was not providing entrepreneurs with the full amount of their loans raised on Kiva. This violates Kiva's policies, so we have terminated our partnership with SEED. Following this discovery, there was a thorough investigation of the situation. Ultimately, SEED defaulted on its entire loan portfolio with Kiva, which means that no further funds are collectible. To learn more about this particular situation and what Kiva is doing to prevent this in the future, please visit: http://www.kiva.org/about/aboutPartner?id=32 Any repayment notifications you may have received up until this point are available to you as Kiva Credit. Please visit Kiva to re-lend, withdraw or donate this credit to Kiva. Please realize that our audit uncovered a true exception to the norm; the vast majority of our Field Partners administer your loans with the highest integrity. Kiva will continue to audit Field Partners to monitor the integrity of your loan and to make our website a model for transparency in international development. Thank you for your understanding and support of Kiva.
Posted by Shelby Clark from Kisumu, Kenya Apr 23, 2008
Comments (27)

Repayment Schedule for Joe Ogonda

Show Advanced

	Expected Repayments	Actual Repayments	Comments
June 2007	$25.00	$0.00	Repayment Received
July 2007	$25.00	$0.00	Repayment Received
August 2007	$25.00	$75.00	Repayment Received
September 2007	$25.00	$25.00	Repayment Received
October 2007	$25.00	$25.00	Repayment Received
November 2007	$25.00	$25.00	Repayment Received
December 2007	$25.00	$0.00	Delinquent
January 2008	$25.00	$0.00	Delinquent